The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1887-11-24

w penditures $685.
] Z ] ] ]
MM ~M 932, 179. the surplus
sWM DM receipts available for
MN -M/II the reduction OF the
public d e BIT being
4 ~ NH B1O3, 1907. As
n NMN\ compared with the
NwNN\ 4 previous year the re-
w ceipts increased $34,-
TREASURER HYATT 962, 559 the expend-
itures $25, 440. O4l, and the surplus rev.
enues, 50, ola, 500 There was an increase
in every item Of revenue, the largest
be ng in the receipts from customs
The largest increase in the expenditures
was on account OF Indians and pensions,
and the largest decrease on account OF In
tarest of the public debt The receipts OF
TIE Post Office Department amounted TO
S54, 752, ,347, and the expenditures to $780,
$50, ,S35. The revenues, exclusive OF de-
fc ency appropriations, increased *3, OOO-
495, and the expenditures 81, ,9O4, 249.
The amount drawn from the Treasury
to make good the deficiencies in
the postal revenue was So, 900, 1873. a.
against S., ia. 422 in 1886.
The operations Of the year involved the
redemption Of $127,911,S5O in United
States bonds, OF which $47, ,S94 200 was on
account of the sinking fund, the issue Of
nearly 6OO, 600 drafts and checks, the re-
denption of upwards OF $l93, ,OOO,O 900 in
United States paper currency and National
bank notes. and the handling of $192, ,OOO,-
600 in Unite States bonds deposited or
withdrawn by National banks
Statements Of the assets and liabilities OF
the Treasury are given for the close of the
fiscal year. and for September 30 and Octo-
Der 81, 1887, in comparison with the same
d .ys last year. The total assets at the end
OF this period. exclusive Of certificates and
other obligations held as cash, were $319,-
100. .965, and the total liabilities $262, 432, :
26O
The statement of United States notes
o. standing show that between June 80,
1854, and September 80, 1887, the circula-
ton of one and two dollar notes ran down
from $51 SOC. 900 to $50. 400, 600. This de-
crease has been made up by changes in other
denominations. the volume Of fives, tens
and twenties increasing about $43. .OOO,
600 The shipments of legal tenders and
silver certificates Of small denominations,
together with the ir;rease in the circula-
tion of silver coins, during the fifteen
months ended September 80, amounted to
upwards Of $149, ,OOO, 900, while in addition
several million dollars in small gold coins
have been drawn into circulation.
Under the provisions of The act Of June 8,
1872, certificates of deposit amounting to
$;34 SOC, 600 were issued during the fiscal
year for United States notes lodged in the
Treasury. The redemptons in the
same period were $43, 100000. There
remained outstanding June 80 only
$9,O2O.OOO, which is the least
amount shown at the end of any fiscal yeal
since the issue began. The Treasurer at
tributes the limited use of these certificates
at this time to the change in bank reserves
from notes to coin, and the demand Tor cur
rency caused by business activity.
There were no gold certificates issued dur
ing the year The redemption amounted
to SO, ,6S7, 42S. OF the total Of 81. liza, ,334,
$50 issued from November, 1865, there
were on standing at the close OF the yea
$121, 4S6, S17, or which $50, 20 $50 wer,
in the Treasury and $91, ,225, ,437 in circu
l..tion. The holdings OF the Treasury de
creased nearly $25.OOO.OOO in tha
year. The amount outstanding October 81
VS. $132, $40, ,93l, OF which the Treasury
helu 49,, ,S5s. l5s.
The SILVER certificates outstanding at tn,
close of the fiscal year amounted to $145.
5i3, so, an increase Of nearly $50, OOO, OO(
in twelve nonthR The amount in th'
Treasury fell of in the same period from
nearly SIS, 200, 900 to So. 426, la. Will
the increase in the actual circulation
was . little more than $54, ,OOO, ,OO0 Thi
increase is due in part to the demand
for small notes arising from the discontinu
ance Of the issue Of legal tender ones an,
twoa There were put out during the yea
$l4, 1856, 900 in one dollar certificates, 50,
976. 900 in twos and So. .76O, 900 in fivea
The Treasurer believes that nearly all o
tie trade dollars have been redeemed
The coinage of standard silver dollars 70
tn fiscal year was Ss33, 216, s3l, an increas
OF t3.377, 926 over 1886 On October 8
the Treasury held $214, 175. 532 and ther
W. re $62, 54O, ,625 in circulation
Between June 80, 1856, and October 81
1887, the fractional silver coin in the Treas
ury decreased from $2s, ,9O4, ,61S to $24,
Ats, 1875, and the minor coin from 1877,
Sl4 to $51, 400 The one and five cen
pieces ON hand are not more than sufficien
for payments over the counter
The Treasurer calls attention to the rapi
decrease in the redemptions of fractions
currency, and shows by comparison wit
other paper issues that = larger amonn
than has been estimated has probably bee
lost or destroyed. The amount Outstand
ing June 80 az shown by the books, wa
ST., 49,, ,9O2. while the redemptions fo
the year were only 81, 123.
The Treasurer renews the recommend
tions of his predecessors that all Of th
postal revenues be deposited in the Treas
ury and be disbursed on the warrants Of tn
Secretary, and that the payment of speal
er's certificates Of salaries and mileage q
members Of Congress be devolved upon
dishurs.ng officer.
between the end Of NE fiscal year an
October 81 the number Of depository bank
was increased from 200 to 12O. Al tn
latter date the Treasury led bonds Of th
market value of $4 l, ,O4S, ,326, to secure s31
767, ,47S OF pubic mon ys on deposit wit
| tfese institutions, an increase Of owe
| $9,OOO,OOO in the market value G
bonds held, and of q little mere tina
| $4,000 in money secured for tn
prod The receipts Of public funds by tn
banks during the year were $12S. 49,. 70s
ma>.ng the aggregate from The begtnnln
| OF the system little short of 81, 5OO, ,OO(
There was . decrease Of $S4 ,OOS, loo dul
| ing the year in bonds held to secure tn
| circulation of National banks, leaving 0
| deposit $l9l, 966, TOO, ag inst which ther
was outstanding $l68. 625, ,653 in Nations
bank notea
/ Ha.Asps~a-. rN.-- A0Rn fAsNM